Bank of Montreal Can acquired a new position in Gibraltar Industries, Inc. (NASDAQ:ROCK – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,410 shares of the construction company’s stock, valued at approximately $342,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new position in Gibraltar Industries in the 1st quarter worth approximately $31,000. Signaturefd LLC boosted its stake in shares of Gibraltar Industries by 40.5% during the 2nd quarter. Signaturefd LLC now owns 635 shares of the construction company’s stock valued at $40,000 after buying an additional 183 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Gibraltar Industries in the 1st quarter valued at $67,000. Point72 Hong Kong Ltd lifted its stake in shares of Gibraltar Industries by 323.2% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,625 shares of the construction company’s stock valued at $70,000 after purchasing an additional 1,241 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Gibraltar Industries in the 4th quarter valued at $82,000. Institutional investors and hedge funds own 96.85% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 11th.
Gibraltar Industries Trading Up 1.3 %
ROCK stock opened at $68.70 on Monday. Gibraltar Industries, Inc. has a 1 year low of $44.69 and a 1 year high of $77.10. The company has a fifty day simple moving average of $65.72 and a 200 day simple moving average of $64.03. The firm has a market cap of $2.09 billion, a PE ratio of 22.38 and a beta of 1.09.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.
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